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Why oil and gasoline prices are rising faster than expected The oil price has risen faster than expected because demand has been stronger than expected

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Why oil and gasoline prices are rising faster than expected The oil price has risen faster than expected because demand has been stronger than expected and US. sanctions on Iran and Venezuela have removed a cushion to absorb oil supply disruptions. Source: CN BC, April 3, 2019 Using the information in the news clip, what can you say about the equilibrium quantities of oil and gasoline? Question content area bottom Part 1 The equilibrium quantity of oil _______

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